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423 North Franklin Street

423 North Franklin Street, Colorado Springs, CO 80903
House in Shooks Run
Sold Oct 07, 2019
$406,000
$421,296 by Homebridge Financial Services
Mortgage Due Sep 01, 2050
Sold Jul 03, 2012
$205,000
$216,015 by Universal Lending Corp
Mortgage Due Aug 01, 2042
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423 North Franklin Street in Colorado Springs, CO was first built in 1908 and is 116 years old. Although, the building on the property was most recently renovated and altered in 1988. This has been categorized as a residential property type. For those interested in architecture, the building on the property was built in a ranch/rambler style. It is a single story home. There are a total of 7 rooms in the home, of which, 2 are bedrooms. In terms of bathrooms, there is only one bathroom. There are 2 partial bathrooms. 423 North Franklin Street has 1,413 sqft of living area. This is typically the area of a building that is heated or air conditioned and does not include the garage, porch or basement square footage. In total, the area measurement of the land is 4,340 square feet.

Learn more about the property and building on this page. There is a covered porch and a patio. The home has a gable or hip style roof made of composition shingle. For those who need parking, there is a detached garage. The garage is 216 sqft. There is one available parking space. Fun fact, did you know that buildings can move due to weather changes? That's why, the type of control joints used in the construction of your home is extremely important. Based on our data, we know that the home was built with frame control joints. The quality of the control joints have been graded by the local assessor with a letter grade of C. The exterior walls of the home are made of metal. While the interior walls are made of plaster. As for heating, the home is utilizing floor/wall heating system. There is a fireplace in the home! Just imagine how amazing it would be to curl up in front of a cozy fireplace during those chilly winter nights. We've gathered and summarized the following transaction history in an effort to provide more transparency and up-to-date information for our users. According to our sources, 423 North Franklin Street sold most recently in Oct 4, 2019 for a total of $406,000. If you work out the math, that's approximately a cost of $265.01 per sqft. Before that, the property was also sold for $205,000 in Jul 3, 2012. There could be many factors that caused the property to sell at a higher price and increase in value. Tax-wise, the current owner is expected to pay close to $1,491 in taxes each year. 423 North Franklin Street was most recently assessed in 2022. During this assessment, the property's total value was estimated to be about $26,650. If we break it down further, the land itself was valued at $4,170. Improvements to the property, however, were assessed at a total of $22,480. Homeowners who care about taxes, will be happy to see that the property's total assessed value has been marked as less than the total market value. If possible, try to put down at least 20% towards the down payment during your home purchasing process. While you may be able to buy a home with less than a 20% down payment, your lender may then require you to pay for a private mortgage insurance (PMI). PMI protects the lenders and lowers their financial risk in case the borrower defaults. Generally, you'll need to pay more PMI when your total loan amount is higher. However, certain factor such as your credit score, loan type, loan term, and loan-to-value ratio can all impact your PMI as well.Sadly, this property is not available for sale but we are constantly updating our inventory in real time. Sign up for a RealtyHop account and add this property to your favorites to get updates on when this property is back on the market. Or alternatively, you can check back frequently for updates.

Building Features

Exterior

Vinyl Siding

Parking

Carport
This property description is generated based on publicly available data.

Building Info

Overview

    General

  • Year Built: 1908
  • Effective Year Built: 1988
  • Building Count: 1
  • Total Rooms: 7
  • Bedroom Count: 2
  • Bathroom Count: 2
  • Full Bathrooms: 1
  • Partial Bathrooms: 2
  • Building Quality: C
  • Construction Type: Frame
  • Building Style: Ranch/Rambler
  • Exterior Walls Type: Metal
  • Interior Walls Type: Plaster
  • Roof Shape Type: Gable or hip
  • Roof Cover Type: Composition shingle
  • Floor Count: 1
  • Living Units: 1
  • Basement Type: Unspecified basement
  • Basement Area: 119
  • Garage Type: Detached
  • Garage Square Area: 216
  • Parking Space Count: 1
  • Patio Type: Patio
  • Porch Type: Covered porch

    Dimensions

  • Lot Size Square Feet: 4,340
  • Total Building Area: 1,532
  • Gross Building Area: 1,652
  • Building Area: 1,413
  • Building Area Measurement: Living Area

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: unknown
  • Heating: Floor/wall
  • Heated Square Feet: 1,413
  • Heating Fuel Type: unknown

    Utilities

  • Sewer System: unknown
  • Water Service: unknown

Building

  • Property Class: Residential
  • Subdivision: OLDERS ADD
  • Land Acres: 0.1
  • Standard Land Use Code: Single family residential
  • County Land Use Code: Apartments (generic)
  • Legal Description 1: S 31 FT OF LOT 11 BLK 2 OLDERS ADD COLO SPGS

Ownership

  • Current Owner : HEDRLCK RANDY L
  • Previous Owner : YOUNG KATHERINE E
  • Previous Owner 2: FERENCE BRITTANY L
  • Owner Before Previous Owner: PANNETON JESSE
  • Owner Before Previous Owner 2: SHWAIKO INGRID
  • Is Owner Occupied: Owner-occupied property

Neighborhood

  • School District Name: Colorado Springs School District 11
  • School Tax School District: FBC
  • Census Tract: 001700

Zoning

  • Zoning: R2

Geography

  • Assessors Map Reference: Aug 14, 2066
  • Parcel: 64083-34-023
  • Block: 2
  • Lot: 11
  • Municipality: COLORADO SPRINGS 11
  • Latitude: 38.8401
  • Longitude: -104.811

    Address

  • Full Address: 423 N Franklin St
  • Address - House Number: 423
  • Street Direction: N
  • Address - Street Name: Franklin
  • Address - Suffix Type: St
  • State: CO
  • City Name: Colorado Springs
  • Carrier Code: C020
  • 4-Digit Zip Code: 3010
  • Zip Code: 80903

Valuation

    Tax

  • Total Area: 1,156
  • Tax Year: 2022
  • Tax Amount: $1,491
  • Tax Rate Code Area: FBC

    Appraisal Valuation

  • Standard Deviation: 0.123
  • Valuation Date: Feb 22, 2023
  • Confidence Score: 86
  • Final Value: 531,236
  • High Value: 596,612
  • Low Value: 465,861

    Open Liens

  • Total Open Liens: 1
  • Total Open Liens Amount: $421,296
  • First Open Lien Mortgage Lender: HOMEBRIDGE FINANCIAL SERVICES
  • First Open Lien Mortgage Recording Date: Aug 25, 2020
  • First Open Lien Mortgage Loan Amount: $421,296
  • First Open Lien Mortgage Term: 360
  • First Open Lien Mortgage Position: 1
  • First Open Lien Mortgage Loan Type: VA
  • First Open Lien Mortgage Loan Due Date: Sep 01, 2050

    Market Valuation

  • Market Total Value: $383,435
  • Market Land Value: $60,000
  • Market Improvement Value: $323,435

    Assessments Valuation

  • Assessed Year: 2022
  • Assessed Total Value: $26,650
  • Assessed Land Value: $4,170
  • Assessed Improvements Value: $22,480

    Sales

  • Current Sale Contract Date: Oct 04, 2019
  • Current Sale Recording Date: Oct 07, 2019
  • Current Sale Transaction ID: 11659142435
  • Current Sale Price: $406,000
  • Current Sale Document Type: Warranty Deed
  • Current Sale Input Document Number: 219124308
  • Previous Sale Recording Date: Jul 03, 2012
  • Previous Sale Contract Date: Jul 03, 2012
  • Previous Sale Amount: $205,000
  • Previous Sale Document Type: Warranty Deed

    Last Sale Mortgage

  • First Mortgage Lender: HOMEBRIDGE FINANCIAL SERVICES
  • First Mortgage Transaction Date: Oct 07, 2019
  • First Mortgage Loan Amount: $419,398
  • First Mortgage Terms: 360
  • First Mortgage Loan Type: VA
  • First Mortgage Loan Due Date: Nov 01, 2049

    Previous Mortgages

  • Previous Mortgage Lender: UNIVERSAL LENDING CORP
  • Previous Mortgage Transaction Date: Jul 03, 2012
  • Previous Mortgage Loan Amount: $216,015
  • Previous Mortgage Term: 360
  • Previous Mortgage Loan Type: FHA
  • Previous Mortgage Loan Due Date: Aug 01, 2042

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Frequently Asked Questions

What neighborhood is 423 North Franklin Street located in?
The 423 North Franklin Street is a house located in the neighborhood of Shooks Run in East Colorado Springs, Colorado Springs.
What is the average sales price for listings in 423 North Franklin Street?
The average sales price for units in 423 North Franklin Street is $0 currently.

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